Janet Yellen Quotes
Access to capital is important for all firms, but it's particularly vital for startups and young firms, which often lack a sufficient stream of earnings to increase employment and internally finance capital spending.
Yellen, Janet L. Remarks at the National Interagency Community Reinvestment Conference, Chicago, Illinois, 31 Mar. 2014.
See Daniel Webster for an earlier expression of this notion.
Trump as a business man was notorious for setting up business deals where his partners would put up the money. If the enterprise failed the partners were at risk and lost their money while either did not or lost very little. If money was made, however, he took a large share. He not only did this many times but actually admitted it and bragged about his ability to do that. Incredibly enough he even extended this technique to his charity giving. The vast majority of the money he did good things with through his foundation came from other people. There were many years where he gave not a penny to his own foundation, but gave away and took the credit for what was done with other people’s money. The recipients of the foundations grants mostly assumed that Trump was being generous with his own money, and he never disabused them.
Janet Louise Yellen is an American economist, civil servant and policymaker serving as the United States secretary of the treasury since January 26, 2021. A member of the Democratic Party, she previously served as the 15th chair of the Federal Reserve from 2014 to 2018. She is the first woman to hold either role. She is also a professor emerita at Haas School of Business at the University of California, Berkeley, and formerly a distinguished fellow in residence at the Brookings Institution.
